Sometimes I wonder if it would make sense to place long-term buy orders at a ridiculously low bids. Just in case.
Recently when BTC flash crashed (or maybe it was Ethereum) those who had placed such orders made a ton of money. It's a safer bet with virtual currency because of its instability
Finance sites erroneously show Amazon, Apple, other stocks crashing
11–20 of 98 posts
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#12Sometimes I wonder if it would make sense to place long-term buy orders at a ridiculously low bids. Just in case.
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#13And we trust that software can drive our cars for us?
Stock tracking websites don't need to be perfect, just need to be better than the humans they replaced. Faster, free, and less errors doesn't mean they must be error free. Self driving cars just need to be better than humans, and given the number of teens and senior citizens on the road...
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#14Sometimes I wonder if it would make sense to place long-term buy orders at a ridiculously low bids. Just in case.
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#15Sometimes I wonder if it would make sense to place long-term buy orders at a ridiculously low bids. Just in case.
Except these weren't real prices. Buy orders would not have been triggered.
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#16This is likely 123.456 rounded to 2 decimals.
To me this smells like a software testing bug or hack, rather than "stocks crashing"
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#17Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#18This story isn't emphasizing an important point: the stock price of many tech companies - amazon, google, Microsoft - were pegged to exactly $123.46 for multiple hours. This is likely 123.456 rounded to 2 decimals. To me this smells like a software testing bug or hack, rather than "stocks crashing"
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#19Earlier quoted context omitted.
Stock tracking websites don't need to be perfect, just need to be better than the humans they replaced. Faster, free, and less errors doesn't mean they must be error free. Self driving cars just need to be better than humans, and given the number of teens and senior citizens on the road...
Statistically that's true but realistically I wouldn't want to use a self-driving car that's only a little better than the average driver. It's one thing to have a friend that's a bad driver and another thing to ride in their car.
Re: Finance sites erroneously show Amazon, Apple, other stocks crashing
#20Sometimes I wonder if it would make sense to place long-term buy orders at a ridiculously low bids. Just in case.
The equities markets have Limit Up/Limit Down bands (LULD bands) that prevent big swings in prices. Like the other commenter said, your strategy might work in cryptocurrency markets, but not in equities.